Power Play
Foxed: Michael Wolff on politics and media after Rupert Murdoch
Sep 28, 2023
Michael Wolff, long-time chronicler of the Murdoch empire and biographer, discusses the implications of Rupert Murdoch stepping down as executive chairman for News Corp and Fox, along with the impact on general elections in the U.S. and U.K. Later, the panel explores topics such as succession within Fox, Rupert Murdoch's changing perception of Donald Trump, and the potential challenges and impact of Fox News on the 2024 general election.
36:48
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Quick takeaways
- Lachlan Murdoch's influence on political endorsements may pose a conundrum for Fox as they balance catering to their audience's preference for Trump while considering other family members' perspectives and the defamation lawsuit they are facing.
- Fox News faces the challenge of maintaining their audience share, which is closely tied to the Trump base, while potentially disappointing Rupert Murdoch, who reportedly detests Trump, as they navigate the pending defamation lawsuit and financial challenges.
Deep dives
Continuity of Power in the Murdoch Empire
The recent transition of power from Rupert Murdoch to his son Lachlan at Fox Corporation may not bring significant change to the media empire. While Lachlan has taken over as executive chairman, Rupert remains in charge and holds the favor that determines leadership. This shift may have been prompted by a $2.7 billion defamation lawsuit faced by Fox, as well as the challenges of running a company under the management of a 92-year-old. The potential influence of Lachlan on political endorsements, such as supporting Trump in the US presidential election, may pose a conundrum for both Fox and Lachlan, balancing the desires of their audience while also considering other family members' perspectives.
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